Global bicycle and spare parts sales increased by 3% in 2013, according to the 9th Global Sporting Goods Market Survey held in Paris, France. The survey, which began in 2005, highlighted a steady rise in demand for cycling products. Total retail sales (including taxes) for bicycles and related parts reached 36 billion euros in 2013, up from 35 billion euros the previous year.
The NPD Group Inc., a leading market research firm, estimated the total value of the global sports goods market at 277 billion euros in 2013—equivalent to 367 billion U.S. dollars. This represents a 5% increase compared to 2012, based on industry data, consumer behavior analysis, and expert forecasts.
Looking at individual categories, footwear and apparel saw the strongest growth, rising over 6% to 169 billion euros. Sports equipment also grew by 3%, reaching 72 billion euros. Bicycles and their spare parts maintained a steady 3% increase, totaling 36 billion euros.
In terms of country performance, China and the United States remained the top contributors to market growth. These two nations continue to outpace others in terms of market share. Other key contributors included Brazil, India, Canada, Japan, and South Korea. However, Japan’s market, while still growing, lost some relative significance due to the 18% depreciation of the yen against the U.S. dollar in 2013.
The five largest sporting goods markets in 2013 were ranked as follows: the U.S. with 75 billion euros, China at 24 billion euros, Japan with 14.5 billion euros, Brazil at 12.5 billion euros, and Germany at 12.4 billion euros.
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